Fees Matter In this section…Fees matterTake a look at our Best Practice solutionWhat you should know about your retirement planWhat to tell your district official More and more teachers and support staff are taking a closer look at the fees in their plan and asking themselves “How much is my plan charging me in fees?” Is your 403(b) plan too expensive? If you are unsure about all of the fees that are in your 403(b)/457(b) plan, just ask us. Let us help you understand how much your 403(b)/457(b) plan is costing you in fees over the course of a lifetime, based on your life expectancy.What your plan costs makes a difference in how much money you will have in retirement.Fees reduce your investment’s total return over time, and cut down the amount of money you will be able spend in retirement.Many 403(b) and 457(b) plans build extra costs1 into their plans on top of the expenses of the underlying investments.Call us and we will assist you in determining what your plan is costing you.We also recommend that you visit the Securities and Exchange Commission’s “Evaluating Your Retirement Options.”Fees in your 403(b) plans are taken out daily. The fees you are paying may be in the master contract, prospectus or other disclosure material and can be hard to find.1Source: Aegis Advisors Market Overview Report to the IPPFA Board dated April 2000 (revised Feb, 2009)The $82,140 differenceThat number represents the additional monies realized when eliminating 1.00% in fees over the course of 35 years. This hypothetical investment assumes annual contributions of $2000 a year ($166.67 per month) earning 8% a year compounded monthly. Over the course of 35 years, you would see your investment of $70,000 ($2000 x 35 years) grow to $382,321. The impact of 1% in fees over the same time period would lower your hypothetical return by $82,140.22Based on simple savings calculator from http://www.planningtips.com/cgi-bin/savings.pl . The costs and annual fund yield are hypothetical and illustrative only. They are not representative of any actual client or of a specific investment product or strategy.